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Teddy Bower is an outdoor clothing and accessories chain that purchases the parkas from its Asian supplier. Teddy Bower uses the Newsvendor model to determine

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Teddy Bower is an outdoor clothing and accessories chain that purchases the parkas from its Asian supplier. Teddy Bower uses the Newsvendor model to determine the order quantity of the parkas. They estimate the underage cost to be $24 for each parka, and the overage cost to be $30 for each parka. Based on the information provided above, please determine the relation between the Newsvendor quantity and the demand. Note: Calculation is NOT needed for this question. The Newsvendor quantity will be higher than the mean demand. The Newsvendor quantity will be lower than the mean demand. The Newsvendor quantity will equal the mean demand. Cannot determine. Specific demand information is needed

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